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Asian stock markets moved higher after a choppy start Tuesday as hopes for new measures to boost China's economy outweighed worries about the health of Spanish banks and their potential to worsen Europe's debt crisis.

European shares decline led by a plunge in Pearson shares, S&P futures were modestly in the green as Asian and EM stocks gained. The dollar rebounded against most major currencies after retreating 1.3% on Tuesday to the lowest in a month following Trump's "strong dollar" comments and halted a seven-day drop against the yen.

World stock markets moved higher after a choppy start Tuesday as hopes for new measures to boost China's economy outweighed worries about the health of Spanish banks and their potential to worsen Europe's debt crisis.

LUXEMBOURG (Reuters) - Euro zone countries will consider on Monday how to pay for the repair of their broken banks after health checks next year that are expected to uncover problems that have festered since the financial crisis.

Shanghai (AFP) - European markets joined Asia on a roller-coaster session Wednesday, as China's interest rate cut showed no sign of ending a crisis fuelled by fears over stalling growth in the world's number-two economy.

TOKYO: Asian stocks slipped and the euro stood tall against the dollar early on Thursday after US data overnight showed the economy grew much more slowly than expected in the first quarter. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent. Japan's Nikkei shed 1.6 per cent and South Korean and Australian shares also suffered losses. The US economy grew just 0.2 per cent in the first quarter, down sharply from the previous quarter's 2.2 per cent growth.

The flight of banks and top corporations from Catalonia is turning into a stampede as the Spanish state tightens the garrote on the rebel government in Barcelona, exposing the desperate weaknesses of the independence movement.

Cypriot lawmakers may shoot down an unprecedented levy on bank deposits, risking the island’s membership in the euro.
The “feeling I’m having is that the house is going to reject it because they feel and think it isn’t just and that it’s against the interest of Cyprus,” Cypriot President Nicos Anastasiades told Sweden’s TV4 channel in an interview Tuesday.